Nobel Economics Prize Awarded to Harvard's Claudia Goldin for Workplace Gender Gap Research
Harvard University professor Claudia Goldin has been awarded the Nobel economics prize for research that explains why women are less likely to work than men. Goldin is only the third woman to win the prize in its 93-year history. Her research shows that women often underestimate their employment opportunities and feel overwhelmed by responsibilities at home. Goldin also found that the gender pay gap discourages women from seeking employment or pursuing further education. She said that the differences between men and women in the workforce are often a reflection of what happens in individuals' homes.
Claudia Goldin, a professor at Harvard University, has been awarded the Nobel economics prize for her research on the gender pay gap and the reasons why women are less likely to work than men. Goldin is only the third woman to win the Nobel prize in economics and the first woman to be the sole winner in any year. Her research has revealed that only about half of the world's women have paid jobs, compared to 80% of men. This gap is seen as a wasted opportunity, as many qualified women are not being properly considered for jobs. Goldin's research has shown that the pay gap discourages women from pursuing jobs or further education. She found that the disparities are often due to decisions women make about their prospects in the job market and their personal circumstances at home. Goldin's work involved analyzing 200 years of labor market data, which revealed that official records often undercounted the amount of work women were doing. She also found that women's expectations and experiences played a significant role in their decisions about employment. For example, many women who grew up in the 1950s did not anticipate the growing opportunities for women in the 1960s and 1970s. Goldin also discovered that marriage was a significant barrier to women's employment, and that the gender pay gap was largely due to the impact of parenthood on women's careers. She found that once a woman has a child, her pay tends to drop and does not grow as fast as it does for men. Goldin expressed concern that women are now less likely to work in the United States compared to other countries, and called for a reevaluation of how family and employment are balanced.